Forextelegramsignals — Trading Ideas on TradingView

Pullback Into Resistance, Sell-the-Rally Setup Market Structure Overall structure is bearish-to-range after a strong selloff. Price made a rounded bottom from the Feb lows, then transitioned into a corrective rally. The rally is retracing into a prior supply / resistance zone, not breaking structure yet. Key Zones Major Resistance / Supply: ~5,100 – 5,213 Marked clearly on your chart. Previous breakdown zone → now acting as resistance. Minor Resistance (Entry Zone): ~5,050 – 5,105 Price is currently reacting here. Prior support turned resistance (classic S/R flip). Support: ~4,650 – 4,700 Strong demand zone. Previous reaction + liquidity pool. Intermediate Support: ~4,905 Likely first pause or bounce area if rejection starts. Price Action Story The white path shows a corrective ABC-style move into resistance. Momentum on the way up is weaker compared to the selloff (bearish sign). No clean bullish break-and-hold above the resistance zone yet. This favors a rejection rather than continuation. Trade Idea (As Illustrated) Bias: Short Entry: Into 5,050 – 5,100 resistance Invalidation: Clean 1H close and acceptance above ~5,213 Targets: ~4,905 (partial / scale-out) ~4,650 (main target / demand zone) What Would Flip This Bullish? Strong impulsive break above 5,213 Followed by a successful retest and hold Until then → rallies are suspect. Summary This is a sell-the-rally setup into a well-defined resistance zone, aiming for a move back into demand. The chart is structured, levels are respected, and the risk is clearly defined — exactly how you want it.

Bearish Pullback From Key Resistance, Targets Below Overall structure Gold is in a short-term bearish correction after a strong impulsive sell-off. The left side of the chart shows a distribution → breakdown → liquidity sweep, followed by a corrective bounce that is now losing steam. Key zones & story the chart tells Major Resistance Zone (≈ 5,105 – 5,213) This blue zone previously acted as support, then flipped to resistance. Price has revisited it and failed to reclaim, confirming a classic support → resistance flip. Entry Area (around 5,100) The pullback into resistance aligns with: Lower-high structure Bearish reaction after a corrective rally Rejection near prior consolidation This is the logical short entry zone, as marked. Fair Value Gap (FVG) The rally partially filled the FVG but failed to continue higher — another sign of weak bullish intent. Notice the white projected path: price is respecting a corrective wave rather than impulsive buying. Targets 1st Target: ~4,750 Prior reaction level and mid-range liquidity. Likely pause or partial take-profit zone. 2nd Target / Support: ~4,586 Strong demand zone and previous base. This is the main downside objective if bearish momentum continues. Bias summary Bias: Bearish below 5,105 Invalidation: Clean break and hold above 5,213 Market logic: Distribution → breakdown → pullback into resistance → continuation lower Big picture takeaway This is a textbook pullback-short setup after a strong bearish impulse. As long as gold remains capped below the resistance band, the path of least resistance points down toward 4,750 and potentially 4,586.

Chart Analysis — Rounded Bottom Reversal Toward Key Resistance Market Structure Price formed a rounded bottom (cup-like reversal) after a sharp selloff, signaling exhaustion from sellers and a gradual shift to buyers. The lowest point (circled) shows strong demand absorption, followed by higher lows → early trend reversal behavior. Key Levels Support zone: ~4,890–4,950 This area held firmly and acted as the base for the bounce. Buyers consistently defended it. Entry zone: Just above support The pullback into prior support + bullish reaction suggests a safe long entry on confirmation. Mid resistance: ~5,100 Price already reclaimed this zone, flipping it from resistance into short-term support. Major resistance / target: ~5,210–5,250 This is the next liquidity zone and logical profit target, aligned with previous supply. Momentum & Price Action The white projected path shows a bullish continuation scenario: Break and hold above 5,100 Brief consolidation / retest Push toward the upper resistance band No immediate signs of distribution yet; momentum favors continuation unless price loses the support zone. Bias Bullish while above ~4,950 Invalidation if price accepts back below support with strong bearish candles. Trade Idea Summary Bias: 📈 Bullish continuation Entry: Support retest / bullish confirmation Target: 5,210–5,250 Risk: Breakdown below support